My thoughts are this. SLR deal is not binding and can be...

My thoughts are this. SLR deal is not binding and can be withdrawn or changed downwards at any time. GMD deal is conditional on shareholder approval and if that doesn't happen, it automatically falls through. This we know, as does SLR. SBM could then end up with no deals at all and facing bankruptcy due to upcoming debt payment. SLR would then have SBM at it's mercy to do whatever deal they want. Or they could pull all deals off the table and we lose everything. Gwalia is sold to highest bidder in a fire sale by the liquidator. This may be SLRs actual plan - we have no reason to trust them. It's a classic case of "a bird in the hand" or "between a rock and a hard place". By hanging out for more, we end up with nothing. If we vote No, without a fully binding deal being in place with SLR, they will have us over a barrel. A no vote is a massively risky strategy.